Reliance Retail buys ~60% of Netmeds owner Vitalic for ₹620 crore
Reliance Retail Ventures has acquired a majority stake in Vitalic, parent of e-pharma marketplace Netmeds, for about ₹620 crore. The deal marks Reliance's entry into online pharmacy, extending its digital commerce and healthcare ambitions across the country.
Reliance Retail Ventures acquired a majority ~60% stake in Vitalic, owner of e-pharma marketplace Netmeds, for about ₹620 crore, entering the online pharmacy space and broadening its digital commerce and healthcare proposition.
Why this matters
The Vitalic buy pairs with reports of Reliance Retail acquiring 60% of Netmeds parent Vitalic Health for ₹620 crore, completing its digital health play and signaling a push into e-pharmacy.
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